The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Amundi
Asset manager Amundi Hong Kong has just added four new MPFA-approved Index-Tracking Collective Investment Schemes (ITCIS), strengthening its role in the Hong Kong Mandatory Provident Fund (MPF) market.

These newly-launched funds are designed to meet the rising demand from MPF providers and investment managers for economical and diversified tools, the firm said in a statement.

“Recognising the MPF system's vital role in securing the financial wellbeing of Hong Kong residents, these offerings are especially important. We're providing portfolio managers with the tools to develop robust and long-term strategies, ultimately safeguarding the financial future of Hong Kong's retirement savers,” Eddy Wong, chief executive officer of Asia at Amundi, said.

The funds, outlined below, offer flexibility for portfolio managers, serving as core and satellite building blocks for varied investment strategies.

• Amundi USD Corporate Bond UCITS ETF targets income generation through dollar-denominated investment grade corporate bonds, tracking the Bloomberg US Corporate Liquid Issuer Index with minimal tracking error. 

• Amundi MSCI USA Mega Cap UCITS ETF provides exposure to MSCI USA Index stocks with a market capitalisation above $200 billion, weighted by market value. This ETF is particularly suited for investors seeking to capture the growth potential of US mega cap stocks. 

Amundi MSCI USA ex Mega Cap UCITS ETF allows investors to diversify their US exposure and reduce correlation with the performance of US mega-cap stocks. 

• Amundi MSCI USA UCITS ETF offers broad US equity diversification covering large and mid-cap companies for extensive market exposure. 

Amundi, a European asset manager, has €2.2 trillion ($2.4 trillion) in assets under management.